Transdigm Group Incorporated (NYSE:TDG – Get Free Report) COO Joel Reiss sold 3,900 shares of Transdigm Group stock in a transaction on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total value of $4,831,164.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,459,536. The trade was a 52.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Joel Reiss also recently made the following trade(s):
- On Monday, June 15th, Joel Reiss sold 3,900 shares of Transdigm Group stock. The stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00.
Transdigm Group Price Performance
NYSE TDG opened at $1,236.76 on Wednesday. The company has a market cap of $69.17 billion, a P/E ratio of 37.52, a P/E/G ratio of 2.10 and a beta of 0.91. The stock has a 50-day moving average of $1,272.09 and a two-hundred day moving average of $1,250.15. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,463.03.
Wall Street Analyst Weigh In
Several equities analysts have commented on TDG shares. Jefferies Financial Group raised their price target on shares of Transdigm Group from $1,565.00 to $1,575.00 in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Morgan Stanley lowered Transdigm Group from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $1,680.00 to $1,345.00 in a report on Wednesday, July 15th. Weiss Ratings cut Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 2nd. Finally, Susquehanna cut their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Transdigm Group has a consensus rating of “Hold” and an average price target of $1,463.71.
View Our Latest Research Report on TDG
Institutional Investors Weigh In On Transdigm Group
Several institutional investors have recently modified their holdings of the company. Family Legacy Inc. boosted its holdings in Transdigm Group by 0.3% in the fourth quarter. Family Legacy Inc. now owns 2,394 shares of the aerospace company’s stock valued at $3,184,000 after acquiring an additional 8 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Transdigm Group by 17.0% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 55 shares of the aerospace company’s stock worth $73,000 after purchasing an additional 8 shares during the last quarter. CYBER HORNET ETFs LLC raised its holdings in Transdigm Group by 6.1% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 156 shares of the aerospace company’s stock worth $206,000 after purchasing an additional 9 shares during the last quarter. Fisher Asset Management LLC lifted its position in Transdigm Group by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 299 shares of the aerospace company’s stock valued at $398,000 after purchasing an additional 9 shares during the period. Finally, Harbour Investments Inc. lifted its position in Transdigm Group by 13.6% during the 4th quarter. Harbour Investments Inc. now owns 75 shares of the aerospace company’s stock valued at $100,000 after purchasing an additional 9 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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